
Newsmakers
Bipartisan House Bill Would Allow Annuities as 401(k) Default Options
Separate bicameral proposed legislation aims to boost auto-enrollment retirement plan participation.
The SECURE Act has lifted barriers and made it easier for firms to offer annuities in retirement plans.
Firm assumed annuitants were dead or unreachable if they didn’t respond to two mailings.
Cash-outs, annuities and terminations become increasingly prevalent.